Vahidollah Jafari, the director of oversight for issuers at the Securities and Exchange Organization, announced that the reopening of trading symbols for refineries depends on the disclosure of information by the companies. This decision has been made in accordance with recent guidelines and it seems that this action will create greater transparency in the capital market and economic information.
New government directive on feedstock pricing
Jafari's statements come as Mohammad Reza Aref, the first vice president, announced the government's resolutions regarding the method of calculating the price of delivered feedstock and received petroleum products in physical and financial transactions between the subsidiaries of the Ministry of Oil and domestic oil refineries and petrochemical complexes. This directive particularly emphasizes the pricing of feedstock and main products.
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According to published information, the pricing of feedstock and petroleum products based on directive number 903 dated 2023/10/14 will be valid until 2026/08/31. This decision has been made to facilitate and organize the market for petroleum goods and it is expected to help improve the economic situation of oil refineries.
Economic implications and capital market
This action can actually have positive effects on the capital market and the trading process of refineries. Given that the reopening of refinery symbols depends on the transparency of these companies' financial information, it can be expected that this action will help attract investors and increase the credibility of these companies in the market.
From the beginning of Mehr 1405, until the end of the seventh five-year development plan of the Islamic Republic of Iran, pricing will be based on this resolution. This issue can influence the development and progress of the country's oil and petrochemical industry and lead to improvements in production levels and product quality.
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